Mixed-Use Property with Solar
For Sale
$2,500,000
0 49901 Hwy. 14, Inyokern, CA 93527
Commercial improvements include a convenience store and restaurant with office, storage, and covered outdoor seating.
Property Size7,547 SF
Price / SF$331.26
Days on Market172
Property Features for 0 49901 Hwy. 14
General Information
Standard status
Active
Size
7,547 SF
Property subtype
General Commercial
Additional Details
Patio
Yes
Fuel Pumps
9
Amenities
solar panels
battery storage
two wells
water rights
mineral rights
covered outdoor seating
carports
cell tower
3
Building Details
Year Built
1933
Construction
metal
Listing Agency:
(661) 247-7000
Listed By:
Metropolitan Real Estate
Source:
Xome
Added: Mar 12
Changed: Aug 30
Last Checked: Aug 30 at 4:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Metropolitan Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property combines commercial, residential, and support improvements in one operating campus. The commercial component includes a 3,200-square-foot metal building used as a convenience store and restaurant, along with office and storage areas, covered outdoor seating, and multiple carports. A fully engineered nine-pump gas station has approval through major brands. Solar generation is provided by ground- and roof-mounted systems with battery storage, while two Sierra Nevada-fed wells and included water and mineral rights support the property’s infrastructure.
Additional improvements include a 3-bed/2-bath double-wide approved for RCFE use, a 1-bed/1-bath cabin, and a 2-bed/2-bath home. Multiple large metal buildings provide workshop, storage, and entertainment areas. A cell tower is also located on the property, and extensive equipment is included. The property was built in 1933.
Additional improvements include a 3-bed/2-bath double-wide approved for RCFE use, a 1-bed/1-bath cabin, and a 2-bed/2-bath home. Multiple large metal buildings provide workshop, storage, and entertainment areas. A cell tower is also located on the property, and extensive equipment is included. The property was built in 1933.
Key Highlights
- 3,200‑square‑foot commercial building operating as a convenience store and restaurant
- Fully engineered nine‑pump gas station approved through major brands
- Ground- and roof‑mounted solar systems with battery storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$92,942
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,858,840
$1.9M
Cap Rate 7%
$1,327,743
$1.3M
Cap Rate 9%
$1,032,689
$1.0M
Market Conditions
NOI Build-Up for 7,547 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$139.5K $18.48/SF
− Vacancy
−$6.7K −$0.89/SF
EGI
$132.8K $17.59/SF
− OpEx
−$39.8K −$5.28/SF
NOI
$92.9K $12.32/SF
Area
Kern County, CA
Vacancy
4.80%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,858,840
Cap Rate 7%
$1,327,743
Cap Rate 9%
$1,032,689
Alternative Uses
Best Use
Industrial
$1.33M
$1.16M – $1.55M
NOI $92,942 @ 7.0% cap · market cap 3.72%
Second Best
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,443 @ 7.0% cap · market cap 3.34%
Theoretical Best
Warehouse
$1.61M
$1.41M – $1.88M
NOI $112,858 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 93527, CA
2,315
Population
1,069
Households
2.2
Avg Household Size
51
Median Age
36%
College-Educated
94%
High-School Grad
350.2 sq mi
ZIP Area
7
Density / Sq Mi
$82,667
Median Household Income
$38,977
Median Earnings
$922
Median Rent
$328,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial improvements include a convenience store and restaurant with office, storage, and covered outdoor seating.
Where is this mixed-use property located?
The property is located at 0 49901 Hwy. 14 Inyokern, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 3,200‑square‑foot commercial building operating as a convenience store and restaurant; Fully engineered nine‑pump gas station approved through major brands; Ground- and roof‑mounted solar systems with battery storage
